Press Release – Page 42 – THE ECONOMIC INDIA

14 Aug

6.5 Lakh Early Exits, 25,000 Cool-Off Users Mark Shift to Responsible Opinion Trading on Probo

Gurugram (Haryana) [India], August 14: India’s leading opinion trading platform, Probo, is witnessing a major transformation in trading behaviour as users increasingly embrace responsible participation tools. The platform has recorded over 6.5 lakh early exits—helping traders secure profits in time—and 25,000 users making use of the platform’s cool-off features to manage trading impulses. These trends signal a significant shift towards self-regulation and informed decision-making in India’s fast-growing opinion trading space. Fuelling this transformation is Probo Academy, the platform’s dedicated learning hub on the Probo app and official YouTube channel. With a community of over 60,000 active learners and videos drawing…

14 Aug

Kennametal India Sales Grew By 6.9% Year Over Year For Quarter Ended June 30, 2025

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Bengaluru (Karnataka) [India], August 14: Kennametal India Limited (KIL) concluded Q4 FY25, ended June 30, 2025, delivering sales of ₹ 3,234 Mn, 6.9% higher as compared to ₹3,024 Mn in the same quarter last fiscal. The results were driven by market growth across the company’s portfolio of tooling, wear-resistant, and machining solutions. Profit Before Tax (PBT) was ₹413 Mn compared to ₹ 400 Mn in the same quarter last fiscal year, up 3.2% from operational excellence, cost efficiency measures and higher volumes. Commenting on the results, Vijaykrishnan Venkatesan, Managing Director, KIL, said, “We continued our revenue growth this quarter, while enhancing operational efficiency to drive profitability.…

14 Aug

Record-breaking Response: Vile Parle’s Luxury Residential Project by Atharv Lifestyle sold out in a Flash

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Atharv Om Chandra Milan, a luxury residential project by Atharv Lifestyle, has achieved a swift sell-out, with all 44 units booked within just three months of its launch. Located in the coveted neighbourhood of Vile Parle East, the project is setting new benchmarks for upscale living in Mumbai’s suburban real estate market. Set on Mahatma Gandhi Road, right beside the prime Jain Derasar, the development features two elegant G+8 and G+9 towers housing exclusive 3, 4, 5 and 6 BHK residences. Spread across a 1,752 sq. m. plot, Atharv Om Chandra Milan offers a low-density layout that ensures privacy and tranquility,…

14 Aug

Khazanchi Jewellers Onboards Malabar Gold & Diamonds, Strengthens B2B Volume Growth

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Chennai (Tamil Nadu) [India], August 14: Khazanchi Jewellers Limited (BSE: 543953), one of the leading Indian jewellery companies specializing in gold, diamonds, precious stones, and bullion items has successfully onboarded Malabar Gold & Diamonds Limited, one of the world’s largest jewellery retailers into its customer portfolio. This development represents a bold leap forward in the Company’s institutional business strategy a definitive endorsement of its product design capabilities, supply scalability, and operational trust. Malabar Gold & Diamonds is the flagship company of the Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 in Kerala, the company has grown into…

14 Aug

Dhruv Consultancy Secures Achieves Strong 82% Cons. Net Profit Growth in Q1 FY26

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Mumbai (Maharashtra) [India], August 14: Dhruv Consultancy Services Limited. (DCSL) (BSE – 541302 | NSE – DHRUV), one of the leading infrastructure consultancy companies in India, has announced its unaudited financial results for the Q1 FY26. Key Consolidated Financial Highlights • Revenue of ₹ 21.40 Cr, YoY growth of 6.89% • EBITDA of ₹ 3.58 Cr, YoY growth of 30.18 % • EBITDA Margin of 16.72%, YoY growth of 297 Bps • Net Profit of ₹ 1.60 Cr, YoY growth of 81.81% • Net Profit Margin of 7.46%, YoY growth of 309 Bps • Diluted EPS: ₹0.84, YoY growth of 52.72% Upon the financial performance, Mrs. Tanvi Dandawate Auti, Managing Director, stated, “We are pleased to report a strong start to FY26,…

14 Aug

Davangere Sugar Company Limited Announces Rights Issue Opening on August 14, 2025

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Mumbai (Maharashtra) [India], August 14: Davangere Sugar Company Limited, (NSE Code: DAVANGERE), (BSE Code: 543267), a fully integrated sugar, ethanol, and renewable power company, opened its Rights Issue on Thursday, Aug 14, 2025, aiming to raise ₹ 149.22 Crore. The issue size is 48,92,39,202 equity shares at a face value of ₹ 1 each with an Issue Price of ₹ 3.05 Per Share. Rights Issue details: Right Issue Price – ₹ 3.05 Each Share Right Issue Size – ₹ 149.22 Crore Right Entitlement – 13 Shares for every 25 shares held ●Renunciation Of RE – 14th Aug, 2025 – 25th Aug, 2025 ●Record Date – 06th Aug, 2025 ●Rights Issue Closes –…

14 Aug

Rajasthan’s Digital Awakening: Crafting a New Era of Governance Through Experience-First Portals

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New Delhi [India], August 14: In the golden hush of Rajasthan’s morning, where forts silhouette against the rising sun and every grain of desert dust carries stories of legacy and resilience, there emerges a quieter, subtler revolution. One not carved in stone but scripted in code. This is the Rajasthan of now. A state that wears its history with pride but steps boldly into a digital future, unapologetically modern, unflinchingly ambitious, and unmistakably people-first. As one of India’s largest and most diverse states, Rajasthan understands the power of a narrative, and today, its most compelling story is unfolding across screens,…

14 Aug

GFE Group Launches Strategic Export Diversification Plan to Strengthen India’s Global Trade Position

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Ahmedabad (Gujarat) [India], August 14: In a decisive move to safeguard India’s export growth amid the uncertainty of potential Trump Tariff changes in the US, GFE Group has launched an ambitious India Export Diversification Plan. Aligned with Prime Minister Narendra Modi’s “Local to Global” and “Aatmanirbhar Bharat” vision, the initiative aims to open new global markets and reduce over-dependence on any single economy. For decades, the US has been one of India’s largest export destinations. However, evolving trade policies and proposed tariff changes have created challenges for exporters. GFE’s strategy addresses these risks by expanding India’s presence in emerging and…

14 Aug

Nisus Posts Highest-Ever Q1, Reports 104 Percent Net Profit Growth

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Mumbai (Maharashtra) [India], August 14: Nisus Finance Services Co Limited (BSE- NISUS | 544296 | INE0DQN01013) a renowned investment management firm specializing in urban infrastructure and structured finance, has published its Un-audited financial results for Q1 FY26. Q1 FY26 Key Financial Highlight Total Income of ₹ 28.72 Cr, YoY growth of 91.49% EBITDA of ₹ 21.69 Cr, YoY growth of 83.19% Net Profit of ₹ 16.85 Cr, YoY growth of 103.55% Net Profit Margin of 58.68%, YoY growth of 348 Bps Strengthening First-Mover Advantage Across Markets NiFCO strengthened its first-mover advantage during the quarter, leveraging its position as India’s first…

14 Aug

Studio LSD Limited IPO Opens on Aug 18, 2025

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Mumbai (Maharashtra) [India], August 13: Studio LSD Limited (Studio LSD, The Company) is a multimedia production house specializing in creating original and captivating content, proposes to open its Initial Public Offering on Aug 18th, 2025, aiming to raise ₹ 70.13 Crores (at upper price band) with shares to be listed on the NSE Emerge platform. The issue size is 1,37,50,000 equity shares with a face value of ₹ 2 each with a price band of ₹ 48 – ₹ 51 Per Share. Equity Share Allocation Qualified Institutional Buyer – Not more than 1,32,000Equity Shares Non-Institutional Investors – Not less than 51,72,000Equity Shares Individual Investors – Not less than 77,58,000 Equity Shares Market Maker – Up to 6,88,000 Equity…